Intellectual property (IP) is an increasingly important source of value for globally competitive companies. Canada lags behind peer countries in key metrics such as patent applications per capita and maintains a sizable IP trade deficit.

Recognizing the growing importance of patents for firm and national competitiveness, a small number of countries created sovereign patent funds (SPFs) intended to help bolster national innovation and IP ecosystems.

This animation, based upon a paper by Warren Clarke, describes what a SPF is, how it works and how a correctly constructed Canadian fund could help address a series of domestic challenges related to IP commercialization and firm growth.

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.